Environmental Accounting: A Conceptual Study of Indian Context

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Conceptual Study of Indian Context</title> <meta name="description" content="Environmental Accounting: A Conceptual Study of Indian Context"> <meta name="keywords" content="Environmental accounting, environmental degradation, environmental management, environmental resources."> <meta name="viewport" content="width=device-width, initial-scale=1, minimum-scale=1, maximum-scale=1, user-scalable=no"> <meta charset="utf-8"> <meta name="citation_title" content="Environmental Accounting: A Conceptual Study of Indian Context"> <meta name="citation_author" content="Pradip Kumar Das"> <meta name="citation_publication_date" content="2016/07/03"> <meta name="citation_journal_title" content="International Journal of Mechanical and Industrial Engineering"> <meta name="citation_volume" content="10"> <meta name="citation_issue" content="8"> <meta name="citation_firstpage" content="2927"> <meta name="citation_lastpage" content="2933"> <meta name="citation_pdf_url" 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industrialization, it has seriously threatened mankind’s ability to maintain an ecological balance. Geographical and natural forces have a significant influence on the location of industries. Industrialization is the foundation stone of the development of any country, while the unplanned industrialization and discharge of waste by industries is the cause of environmental pollution. There is growing degree of awareness and concern globally among nations about environmental degradation or pollution. Environmental resources endowed by the gift of nature and not manmade are invaluable natural resources of a country like India. Any developmental activity is directly related to natural and environmental resources. Economic development without environmental considerations brings about environmental crises and damages the quality of life of present, as well as future generation. As corporate sectors in the global market, especially in India, are becoming anxious about environmental degradation, naturally more and more emphasis will be ascribed to how environment-friendly the outcomes are. Maintaining accounts of such environmental and natural resources in the country has become more urgent. Moreover, international awareness and acceptance of the importance of environmental issues has motivated the development of a branch of accounting called “Environmental Accounting”. Environmental accounting attempts to detect and focus the resources consumed and the costs rendered by an industrial unit to the environment. For the sustainable development of mankind, a healthy environment is indispensable. Gradually, therefore, in many countries including India, environment matters are being given top most priority. Accounting and disclosure of environmental matters have been increasingly manifesting as an important dimension of corporate accounting and reporting practices. But, as conventional accounting deals with mainly non-living things, the formulation of valuation, and measurement and accounting techniques for incorporating environment-related matters in the corporate financial statement sometimes creates problems for the accountant. In the light of this situation, the conceptual analysis of the study is concerned with the rationale of environmental accounting on the economy and society as a whole, and focuses the failures of the traditional accounting system. A modest attempt has been made to throw light on the environmental awareness in developing nations like India and discuss the problems associated with the implementation of environmental accounting. The conceptual study also reflects that despite different anomalies, environmental accounting is becoming an increasing important aspect of the accounting agenda within the corporate sector in India. Lastly, a conclusion, along with recommendations, has been given to overcome the situation. <iframe src="https://publications.waset.org/10005264.pdf" style="width:100%; height:400px;" frameborder="0"></iframe> <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/search?q=Environmental%20accounting" title="Environmental accounting">Environmental accounting</a>, <a href="https://publications.waset.org/search?q=environmental%20degradation" title=" environmental degradation"> environmental degradation</a>, <a href="https://publications.waset.org/search?q=environmental%20management" title=" environmental management"> environmental management</a>, <a href="https://publications.waset.org/search?q=environmental%20resources." title=" environmental resources."> environmental resources.</a> </p> <p class="card-text"><strong>Digital Object Identifier (DOI):</strong> <a href="https://doi.org/10.5281/zenodo.1126229" target="_blank">doi.org/10.5281/zenodo.1126229</a> </p> <a href="https://publications.waset.org/10005264/environmental-accounting-a-conceptual-study-of-indian-context" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/10005264/apa" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">APA</a> <a href="https://publications.waset.org/10005264/bibtex" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">BibTeX</a> <a href="https://publications.waset.org/10005264/chicago" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">Chicago</a> <a href="https://publications.waset.org/10005264/endnote" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">EndNote</a> <a href="https://publications.waset.org/10005264/harvard" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">Harvard</a> <a href="https://publications.waset.org/10005264/json" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">JSON</a> <a href="https://publications.waset.org/10005264/mla" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">MLA</a> <a href="https://publications.waset.org/10005264/ris" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">RIS</a> <a href="https://publications.waset.org/10005264/xml" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">XML</a> <a href="https://publications.waset.org/10005264/iso690" target="_blank" rel="nofollow" class="btn btn-primary btn-sm">ISO 690</a> <a href="https://publications.waset.org/10005264.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">3759</span> </span> <p class="card-text"><strong>References:</strong></p> <br>[1] Gameson, K. P.., “Value-aided Accounting Research”, Auditing and Contemporary Accounting, Deep and Deep Publications Pvt. Ltd., New Delhi, 1998, p.257. <br>[2] Mohamed, M. S., “Accounting for Social Responsibility of Business and Reporting”, Auditing and Contemporary Accounting, Deep and Deep Publications Pvt. Ltd., New Delhi, 1998, pp. 296-297. <br>[3] Patnaik, N. K., “Environmental Audit- A Perspective”, Environment Management and Audit, Deep and Deep Publications Pvt. Ltd., New Delhi, 2002, pp. 282-291. <br>[4] Bhadra, B., “ISO 14001 and Environmental Cost Accounting-An Introspection”, Environmental Accounting and Reporting, Deep and Deep Publications Pvt. Ltd., New Delhi, 2002, pp. 462-468. <br>[5] Chong, H. G., “The Environmental Management Systems as a Competitive Advantage Tool for Organizations”, The Journal of Accounting and Finance, The Research Development Association, Jaipur, October-March, 2008, Vol. 22, No. 1, pp. 71-78. <br>[6] Mallik, A. K., “Environmental Accounting”, Contemporary Issues in Accounting, Finance and Management, UGC Academic Staff College, The University of Burdwan, Burdwan, 2001, p. 21. <br>[7] Eresi, Dr. K., “Environment- Information Disclosure in Annual Reports”, The Chartered Accountants, ICAI, New Delhi, Vol. XI, V. No. 7, January, 1996, pp. 45-48. <br>[8] Sonara, C. K., “Environmental Accounting for Developing Countries and Its Implementing Problems- Indian Context”, Environmental Accounting and Reporting, Deep and Deep Publications Pvt. Ltd., New Delhi, 2002, p. 234. <br>[9] Jain, T. K., “Social and Environmental Accounting and Auditing”, Environment Management and Audit, Deep and Deep Publications Pvt. Ltd., New Delhi, 2000, p. 226. </div> </div> </div> </main> <footer> <div id="infolinks" class="pt-3 pb-2"> <div class="container"> <div style="background-color:#f5f5f5;" class="p-3"> <div class="row"> <div class="col-md-2"> <ul class="list-unstyled"> About <li><a href="https://waset.org/page/support">About Us</a></li> <li><a href="https://waset.org/page/support#legal-information">Legal</a></li> <li><a target="_blank" rel="nofollow" href="https://publications.waset.org/static/files/WASET-16th-foundational-anniversary.pdf">WASET celebrates its 16th foundational anniversary</a></li> </ul> </div> <div class="col-md-2"> <ul class="list-unstyled"> Account <li><a href="https://waset.org/profile">My Account</a></li> </ul> </div> <div class="col-md-2"> <ul class="list-unstyled"> Explore <li><a href="https://waset.org/disciplines">Disciplines</a></li> <li><a href="https://waset.org/conferences">Conferences</a></li> <li><a href="https://waset.org/conference-programs">Conference Program</a></li> <li><a href="https://waset.org/committees">Committees</a></li> <li><a href="https://publications.waset.org">Publications</a></li> </ul> </div> <div class="col-md-2"> <ul class="list-unstyled"> Research <li><a href="https://publications.waset.org/abstracts">Abstracts</a></li> <li><a href="https://publications.waset.org">Periodicals</a></li> <li><a href="https://publications.waset.org/archive">Archive</a></li> </ul> </div> <div class="col-md-2"> <ul class="list-unstyled"> Open Science <li><a target="_blank" rel="nofollow" href="https://publications.waset.org/static/files/Open-Science-Philosophy.pdf">Open Science Philosophy</a></li> <li><a target="_blank" rel="nofollow" href="https://publications.waset.org/static/files/Open-Science-Award.pdf">Open Science Award</a></li> <li><a target="_blank" rel="nofollow" href="https://publications.waset.org/static/files/Open-Society-Open-Science-and-Open-Innovation.pdf">Open Innovation</a></li> <li><a target="_blank" rel="nofollow" href="https://publications.waset.org/static/files/Postdoctoral-Fellowship-Award.pdf">Postdoctoral Fellowship Award</a></li> <li><a target="_blank" rel="nofollow" href="https://publications.waset.org/static/files/Scholarly-Research-Review.pdf">Scholarly Research Review</a></li> </ul> </div> <div class="col-md-2"> <ul class="list-unstyled"> Support <li><a href="https://waset.org/page/support">Support</a></li> <li><a href="https://waset.org/profile/messages/create">Contact Us</a></li> <li><a href="https://waset.org/profile/messages/create">Report Abuse</a></li> </ul> </div> </div> </div> </div> </div> <div class="container text-center"> <hr style="margin-top:0;margin-bottom:.3rem;"> <a href="https://creativecommons.org/licenses/by/4.0/" target="_blank" class="text-muted small">Creative Commons Attribution 4.0 International License</a> <div id="copy" class="mt-2">© 2024 World Academy of Science, Engineering and Technology</div> </div> </footer> <a href="javascript:" id="return-to-top"><i class="fas fa-arrow-up"></i></a> <div class="modal" id="modal-template"> <div class="modal-dialog"> <div class="modal-content"> <div class="row m-0 mt-1"> <div class="col-md-12"> <button type="button" class="close" data-dismiss="modal" aria-label="Close"><span aria-hidden="true">×</span></button> </div> </div> <div class="modal-body"></div> </div> </div> </div> <script src="https://cdn.waset.org/static/plugins/jquery-3.3.1.min.js"></script> <script src="https://cdn.waset.org/static/plugins/bootstrap-4.2.1/js/bootstrap.bundle.min.js"></script> <script src="https://cdn.waset.org/static/js/site.js?v=150220211556"></script> <script> jQuery(document).ready(function() { /*jQuery.get("https://publications.waset.org/xhr/user-menu", function (response) { jQuery('#mainNavMenu').append(response); });*/ jQuery.get({ url: "https://publications.waset.org/xhr/user-menu", cache: false }).then(function(response){ jQuery('#mainNavMenu').append(response); }); }); </script> </body> </html>

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Environmental Accounting: A Conceptual Study of Indian Context